Fox Corp. price target raised to $70 from $65 at Morgan Stanley

Morgan Stanley analyst Benjamin Swinburne raised the firm’s price target on Fox Corp. (FOXA) to $70 from $65 and keeps an Equal Weight rating on the shares. Fiscal Q1 results were powered well ahead of expectations by the “strongest ad market for Fox’s portfolio of networks and streaming platforms since the company was formed in 2019,” the analyst tells investors. The firm’s estimates move up, but its second half of 2026 outlook is lowered on higher cable expenses and the timing of retransmission fee increases, the analyst tells investors.